An investor who is desperate because they feel as though their physiological or safety needs are not being met is more willing to take risks than someone who is feeling as though their basic needs are satisfied.

An investor who is feeling a lot of stress in their life is likely less willing to take risks.

If the stock market has boomed recently and prices have increased sharply then this will make most investors more conservative and less willing to take risks.

Someone who tends to make decisions based on facts and data will tend to overthink risk when making investments and so they are less tolerant of risks than someone who is makes more emotional decisions.